CTW Foundation Inc
CTW Foundation Inc is a private foundation based in Newark, Delaware. Its 2024 filing reports grants to organizations working in areas including medical care, social services, education, conservation, arts and culture, and animal health.
CTW Foundation Inc at a glance
In short: CTW Foundation Inc gave $623K across 24 grants in 2024 (avg $26K), top state New Jersey. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $622,500
- +0.8% vs 2023
- Grants made (2024)
- 24
- +0.0% vs 2023
- Average grant
- $25,938
- +0.8% vs 2023
- Median grant
- $20,000
- Total assets
- $11,072,539
- +0.8% vs 2023
- Primary geography
- New Jersey (43% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
How to apply to CTW Foundation Inc
- How to Apply
-
Requests for contributions or scholarships are reviewed upon receipt. The filing names Bruce R. Tucker at c/o Santora CPA Group as the contact.
- Review Cycle
- No deadline is stated; requests are reviewed upon receipt.
- Deadline
- No deadline is stated; requests are reviewed upon receipt.
- Contact
Application contact: Bruce R Tucker Co Santora Cpa Group
Mailing address: 220 Continental Drive Suite 112, Newark, DE 19713
Phone: (302) 737-6200
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who CTW Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Herbert Wertheim Uf Scripps Institute ($75K). Together the top 10 received $415K.
Grant Size Distribution
51 grants across all recorded years
The most common grant size was under $50K: 41 grants of 51 (80%).
Geographic Focus
Where this funder awards grants
In 2024, 43% of grant dollars went to recipients in New Jersey, 36% to Florida, 10% to Maryland, 4% to Colorado, and 3% to New York.
Grant Distribution by State
Share of 2024 grant dollars across all 24 itemized grants.
Cities
How CTW Foundation Inc gives
- 79% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (−14%). Method
- In 2024 it paid out 80% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $618K (2023) to $755K (2022). In 2024 it made 24 grants totaling $623K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Herbert Wertheim Uf Scripps Institute Jupiter, FL | Hospitals/Medical | $75,000 |
| Freedom House Clinton, NJ | SOCIAL | $50,000 |
| Jupiter Medical Center Foundation Jupiter, FL | Hospitals/Medical | $50,000 |
| New Jersey Conservation Foundation Far Hills, NJ | SOCIAL | $50,000 |
| The Shakespeare Theatre of New Jersey Florham Park, NJ | SOCIAL | $40,000 |
| Harriet L Wilkes Honor College of Florida Atlantic University Jupiter, FL | Education | $40,000 |
| El Sol Jupiter's Neighborhood Resource Center Inc Jupiter, FL | SOCIAL | $35,000 |
| Fisher House Foundation Inc Rockville, MD | SOCIAL | $25,000 |
| Morris Animal Foundation Denver, CO | SOCIAL | $25,000 |
| Warrior Canine Connection Boyds, MD | SOCIAL | $25,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $11,072,539 | $816,069 | $730,849 | $622,500 | 24 | $622,500 | $785,584 | $774,955 |
| 2023 | $10,979,809 | $674,776 | $687,080 | $617,500 | 24 | $617,500 | $650,800 | $705,980 |
| 2022 | $10,992,113 | $343,555 | $834,880 | $755,000 | 1 | $788,553 | $424,343 | $724,983 |
| 2021 | $11,483,438 | $935,424 | $802,879 | $725,000 | 1 | $760,142 | $994,206 | $809,135 |
| 2020 | $11,350,893 | $609,766 | $786,429 | $715,000 | 1 | — | $597,550 | $683,213 |
Under IRS private-foundation payout rules, CTW Foundation Inc reported a distributable amount of $775K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants show support for varied organizations and purposes. For example, Freedom House describes its work as recovery-oriented services for people affected by substance dependency and efforts to reunite families and strengthen communities. The New Jersey Conservation Foundation says it preserves land and protects natural resources throughout New Jersey. The Shakespeare Theatre of New Jersey describes its work as presenting Shakespeare and other classics through stage productions and education programs.
Other grantees describe work in medical care, community services, animal health, and support for veterans and military families. These are the grantees’ missions, not a stated mission of the foundation.
Grantmaking
In 2024, the foundation reported 24 grants totaling $622,500. Grants ranged from $10,000 to $75,000, with a median of $20,000. Notable grants included $75,000 to Herbert Wertheim UF Scripps Institute; $50,000 each to Freedom House, Jupiter Medical Center Foundation, and New Jersey Conservation Foundation; and $40,000 each to the Shakespeare Theatre of New Jersey and Harriet L Wilkes Honor College of Florida Atlantic University.
The foundation states that it does not restrict giving to preselected organizations. Scholarship applications should include biographical, scholastic, and financial information; no special form is required for other requests. The filing states there are no restrictions or limitations on awards.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Gerald L. Holm as president and director, Finn M. W. Caspersen Jr. as vice president and director, and Bruce R. Tucker as treasurer and director.
CTW Foundation Inc is led by Gerald L. Holm, President & Director since 2023 (on filings since 2020); none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Gerald L. Holm
President & Director
Director & Part-Time → President & Director, 2023
On filings since 2020
1 hr/week
No compensation reported
Bruce R. Tucker
Treasurer & Director
Treasurer & Part-Time → Treasurer & Director, 2023
On filings since 2020
1 hr/week
$2K (2020) → $0 (2024)
Finn M. W. Caspersen Jr.
Vice President & Director
Director & Part-Time → Vice President & Director, 2023
On filings since 2020
1 hr/week
No compensation reported
Former officers (1)
- Former: Eileen D Dickey (2020–2022) — Secretary & Part-Time
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2020 IRS filing
The highest reported compensation on the 2020 filing was $2K, to Bruce R Tucker (Treasurer/Part-Time).
Frequently asked questions about CTW Foundation Inc
How much does CTW Foundation Inc give each year?
CTW Foundation Inc gave $623K across 24 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $618K across 24 grants.
What is CTW Foundation Inc's typical grant size?
CTW Foundation Inc's median grant in 2024 was $20,000, and its average grant was $25,938, across 24 grants on its 2024 IRS Form 990-PF.
Where does CTW Foundation Inc give grants?
CTW Foundation Inc's top state is New Jersey, with 43% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were Florida (36%) and Maryland (10%). The most frequent recipient cities were Jupiter, FL (5 grants) and Morristown, NJ (3 grants).
Does CTW Foundation Inc give general operating support?
Not in 2024: none of the 24 grants with a stated purpose on CTW Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Social" (13 grants), "Hospitals/Medical" (7 grants) and "Education" (4 grants).
Who are CTW Foundation Inc's largest grantees?
CTW Foundation Inc's largest 2024 grantees include Herbert Wertheim Uf Scripps Institute ($75,000), Freedom House ($50,000) and Jupiter Medical Center Foundation ($50,000), according to its 2024 IRS Form 990-PF. Together they received 28% of its itemized 2024 grant dollars.
How large is CTW Foundation Inc?
CTW Foundation Inc reported $11.1M in total assets on its 2024 IRS Form 990-PF. It paid out $623K in qualifying distributions that year, against a required minimum of $775K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does CTW Foundation Inc fund?
No mission statement for the foundation is provided. Its 2024 grants show support for varied organizations and purposes. For example, Freedom House describes its work as recovery-oriented services for people affected by substance dependency and efforts to reunite families and strengthen communities. See mission & focus areas ↑
How do I apply for a grant from CTW Foundation Inc?
Requests for contributions or scholarships are reviewed upon receipt. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is CTW Foundation Inc's EIN?
CTW Foundation Inc's EIN (Employer Identification Number) is 51-6011637. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). CTW Foundation Inc funder profile. GrantGraph. Retrieved October 12, 2026, from https://grantable.co/funders/ctw-foundation-inc-morg_e10579e288e04b3dbd6cfe7ff0263e31
BibTeX
@misc{grantable_516011637_2026,
author = {{Grantable}},
title = {{CTW Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/ctw-foundation-inc-morg_e10579e288e04b3dbd6cfe7ff0263e31},
note = {Accessed 2026-10-12. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from CTW Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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